Cabinet approves bill to extend tax exemption for EVsStaff writer, with CNAThe Cabinet on Thursday approved a draft amendment to the Vehicle License Tax Act (使用牌照稅法) that would extend a tax exemption for electric vehicles (EVs) for four years until the end of 2025. Article 5 of the act stipulates that municipal, county or city governments can exempt electric vehicles from the tax until Dec. 31. The amendment would extend that exemption until Dec. 31, 2025, the Ministry of Finance said in a statement. The ministry also submitted a proposed draft amendment to the Commodity Tax Act (貨物稅條例) to the Cabinet for approval, Su said. The amendment would similarly extend a commodity tax exemption for electric vehicles and motorcycles, which expires on Dec. 31 this year, for another four years until the end of 2025.

Source: Taipei Times November 06, 2021 00:04 UTC